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Green Orchard Shopping Center 2 Retail Properties Offered at $38,920,000 in Walker, MI
Investment Highlights
- A largely stabilized, income-producing retail investment supported by a strong weighted average lease term
- Recent leasing activity has rejuvenated the center and driven occupancy to 93.6%
- A combination of dependable in-place cash flow, high-quality tenancy with proven sales, and modest, achievable upside
- An established roster of well-performing tenants, and strong positioning within one of West Michigan’s most attractive retail markets
- A durable, credit-supported income stream that delivers stability from day one
Executive Summary
A largely stabilized, income-producing retail investment supported by a strong weighted average lease term
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Property Facts
| Price | $38,920,000 | Number of Properties | 2 |
| Price / SF | $124.18 / SF | Individually For Sale | 0 |
| Cap Rate | 8% | Total Building Size | 313,421 SF |
| Sale Type | Investment | Total Land Area | 21.25 AC |
| Status | Active |
| Price | $38,920,000 |
| Price / SF | $124.18 / SF |
| Cap Rate | 8% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 313,421 SF |
| Total Land Area | 21.25 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 555 Center Dr NW, Walker, MI 49544 | Retail | 157,141 SF | 1993 | - |
| 675-785 Center Dr NW, Walker, MI 49544 | Retail | 156,280 SF | 1992 | - |
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Contacts
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Michael Visser -
Tyler Schewe -
Mark Ansara -
Murphy Wynsma -
Advantage Commercial Real Estate Services LLC
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